Nussbaum of Deerwood Real Estate Capital arranges $20.8 million non-recourse loan

Manhattan, NY Deerwood Real Estate Capital, a commercial real estate advisory firm based in Englewood Cliffs, N.J., secured for its client a $20.8 million, non-recourse construction loan for a 45-unit condominium project in Harlem.

Jeremy Nussbaum, a commercial mortgage broker at Deerwood, was able to arrange a 75% LTC loan with an A/B structure, which combined the senior and subordinate financing into a loan and allowed the sponsor to close with one lender.

Deerwood specializes in assisting clients in sourcing debt and equity. Focusing on all commercial real estate asset

classes including multifamily, office, retail, industrial, hospitality, and healthcare, the firm stands apart from others in the industry through its commitment to customizing solutions and serving not just as brokers, but as advisors. The partners of Deerwood have a combined track record of successfully closing more than $25 billion in deals.